8891 Sw 223 Ter, Cutler Bay
Miami-Dade County Real Estate - Homestead
Homestead is in South East Florida. It's population as recorded in the 2010 Census was 60,512.
The median age for residents of Homestead is 29.1. Around 49.8% of Homestead households include school aged children and 15.4% of households include individuals aged 65 years or over. Census records indicate 66.8% of the Homestead population are White, 20.3% are Black or African American, .4% American Indian, 1.1% Asian and 3.7% are Two or more Races. Homestead has a significant Hispanic population. 62.9% (38,078) of Homestead residents are of Hispanic or Latino origin. Of these 24.45% are of Mexican origin, 13.61% Puerto Rican, 25.01% Cuban and 36.91% are of other Hispanic or Latino origin.
There are 23,419 housing units in Homestead. 4,423 (18.8%) of these were reported as vacant in the 2010 Census. There are 13,138 residential rental units in Homestead. 11,202 of them were occupied in 2010 providing a residential rental vacancy rate of 14.4%.
Homestead links:
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Miami-Dade County
Miami-Dade County is part of the southeast Florida region along with Indian River, St. Lucie, Martin, Palm Beach, Broward, and Monroe counties. Miami Dade County has 35 cities and incorporates many different geographical areas. The north, central, and east regions are heavily urbanized, with many large skyscrapers and a dense population. The southern region of Miami-Dade County is sparsely populated and is the heart of Miami-Dade's agricultural economy. The western region of the county includes the Everglades National Park and is inhabited only by a tribal village. The county is home to around 2.5 million people, making it the most populous in Florida and number seven in the country.
Major industries for this county are tourism, international trade, international banking, and transportation. Top public employers are Miami-Dade County Public Schools, Miami-Dade County, the Federal Government, Florida State Government, and Jackson Health Systems. Major private employers include the University of Miami, Baptist Health South Florida, Publix Supermarkets, American Airlines, and Precision Response Corporation.
The county's seat and largest city is Miami. Miami's close proximity to Latin America and the Caribbean makes it the center for international trade with those areas. The city?s population is 70% Hispanic. The concentration of Latin American businesses and international banks in the city has given it the nickname ?Capital of Latin America?. PortMiami acts as one of the largest cruise spots in the world. Miami International Airport is one of the busiest ports of entry for foreign travelers and handles the most international air cargo of any airport in the country.
Miami-Dade is also a major tourist destination, especially in the city of Miami Beach. The historic 1920s Art Deco hotels on Ocean Drive are well-known landmarks, many of which have historic designations. Visitors enjoy the warm weather, sandy beaches, and nightlife of South Beach. It is also a major convention destination. The annual Art Basel Miami and its satellite fairs bring the foremost art collectors to South Beach and the Miami neighborhood of Wynwood.
Miami-Dade County is home to numerous large universities including the private University of Miami, public Florida International University, and Catholic Barry University. The county is also home to historically-black Florida Memorial University and Miami Dade College, the second-largest public university in the nation by enrollment. The Miami-Dade County Public School System is the fifth-largest in the nation.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 8893 Sw 223 Ter | Condominium | 1,716 | B |
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| 8889 Sw 223 Ter | Condominium | 1,832 | B |
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| 8895 Sw 223 Ter | Condominium | 1,716 | B |
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| 8897 Sw 223 Ter | Condominium | 1,716 | B |
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| 22252 Sw 88 Path | Condominium | 2,128 | B |
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| 8899 Sw 223 Ter | Condominium | 1,832 | B |
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| 22242 Sw 88 Path | Condominium | 1,556 | B |
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| 22263 Sw 89 Ave | Condominium | 2,128 | B |
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| 22311 Sw 88 Path | Condominium | 1,556 | B |
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| 22232 Sw 88 Path | Condominium | 1,556 | B |
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| 22321 Sw 88 Path | Condominium | 2,128 | B |
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| 22301 Sw 88 Path | Condominium | 1,556 | B |
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| 8894 Sw 223 Ter | Condominium | 1,556 | B |
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| 8892 Sw 223 Ter | Condominium | 1,556 | B |
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| 22253 Sw 89 Ave | Condominium | 1,556 | B |
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| 8896 Sw 223 Ter | Condominium | 2,128 | B |
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| 22251 Sw 88 Path | Condominium | 1,716 | B |
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| 8890 Sw 223 Ter | Condominium | 1,716 | B |
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| 22241 Sw 88 Path | Condominium | 1,716 | B |
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| 8888 Sw 223 Ter | Condominium | 1,716 | B |
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| 22222 Sw 88 Path | Condominium | 1,716 | B |
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| 8900 Sw 223 Ter | Condominium | 1,832 | B |
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| 22243 Sw 89 Ave | Condominium | 1,556 | B |
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| 8886 Sw 223 Ter | Condominium | 1,716 | B |
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| 22231 Sw 88 Path | Condominium | 1,716 | B |
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| 8902 Sw 223 Ter | Condominium | 1,556 | B |
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| 22221 Sw 88 Path | Condominium | 1,556 | B |
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| 22233 Sw 89 Ave | Condominium | 1,716 | B |
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| 22212 Sw 88 Path | Condominium | 1,716 | B |
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| 8904 Sw 223 Ter | Condominium | 1,556 | B |
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| 8882 Sw 223 Ter | Condominium | 1,556 | B |
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| 22211 Sw 88 Path | Condominium | 1,556 | B |
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| 8909 Sw 223 Ter | Condominium | 1,832 | B |
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| 8906 Sw 223 Ter | Condominium | 1,716 | B |
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| 22223 Sw 89 Ave | Condominium | 1,716 | B |
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| 22202 Sw 88 Path | Condominium | 1,716 | B |
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| 8880 Sw 223 Ter | Condominium | 2,128 | B |
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| 8908 Sw 223 Ter | Condominium | 1,716 | B |
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| 22201 Sw 88 Path | Condominium | 2,128 | B |
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| 8915 Sw 223 Ter | Condominium | 1,716 | B |
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| 22213 Sw 89 Ave | Condominium | 1,716 | B |
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| 22168 Sw 88 Path | Condominium | 1,556 | B |
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| 8908 Sw 222 Ter | Condominium | 1,832 | B |
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| 8910 Sw 223 Ter | Condominium | 1,556 | B |
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| 8921 Sw 223 Ter | Condominium | 1,716 | B |
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| 22203 Sw 89 Ave | Condominium | 1,556 | B |
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| 8914 Sw 222 Ter | Condominium | 1,716 | B |
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| 8883 Sw 223 Ln | Condominium | 1,782 | B |
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| 8885 Sw 223 Ln | Condominium | 1,617 | B |
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Local Household Income
The median household income in this part of Florida is $93,333. The bottom 10% of the population earn less than $26,702 per year. The top 10% earn more than $344,964 per year. The top 1% earn more than $765,737 per year. Most renters earn between $34,464 (20th percentile) and $73,464 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $186,666 and $233,333.
The tax assessed value of this property places it in percentile 35 of all properties in this area. This suggests it would appeal to someone earning around $65,807 per year who should qualify for a mortgage between $131,614 and $164,518.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,158. Most renters earn between $2,872 and $6,122 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $881 (20th percentile) to $1,776 (80th percentile) range. The residential vacancy rate is 5%.
This property falls in percentile 35 of all properties in this area. This corresponds to a rent of $1,035 per month and a monthly household income of $3,204 ($38,448 per year)
Nearby Companies
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22821 Sw 88th Pl
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22811 Sw 88th Place #12-22
8889 Sw 223 Terrace
8828 Sw 222 Terrace
8828 Sw 222 Terrace
22441 Sw 88th Pl
8914 Sw 222nd Ter
22212 Sw 88th Path
22213 Sw 89 Av
22233 Sw 89 Ave
22387 Sw 89th Ave
22393 Sw 89th Pl
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22416 Sw 89th Ave
22407 Sw 89th Ave
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22058 Sw 89th Ct
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